HomeMy WebLinkAbout0283_009881,CT2OIT 8t The proceeds of any such �s+ loo together with
ajW other aim which may then to held by the Trustee under azy
of the prov is ions of this Indenturs an part of the trust a state o
or the proceeds thereof, shall be applied as follmn s
FitT O*►• To the payment of all costs and expense of mach
salve, including a oollestion fee of Five Per CoAt
te} to be paid the "Tr+xstee, and in addition
thereto„ a reasonable somponsatian to the T ust—
se #s agents and attorneys, and all other sums
payable to the Estee hereunder by reason of W
expense, liabilities or advances made tW it.
UECGND .... To the payment of the whole amount then owing and
unpaid upon the bcusds hereby secured for principal
and Interest* with interest at the rate of Six per
Cent (&�) per annum, , on the overdue installments of
either prinaip*1 or interest, axA, in ease such
Proceeds shall be insufficient to pay in full the
male amount so due and unpaid, then to the payment
of such principal and interest ratatly, without
preference or priority of principal over interest,
or of interest over prineipal, or of any install -
swat of Interest over any other installment of
i.nterest.0
TUIRD *w•m AV surplus then remaining to the civ, its sues•
essors or assigns,, or to whonwoever wait be lav -
fully entitled to yreosive the same„
EEC iC3 ldt Zn the event 9f a default on Its part,
as aforesaid* neither the City nor axe► one claiming by, through]
or under it, ahall sat up, e2aim or seek to take advantage of
any apprais4ment, valuation, stay, extensioa,v redemption or
moratorium laws now, or hereafter„ In force, in order to prevent
or hinder the enforcement or foreclosure of this Indenture, or
it